VDMA7.3 billion euros in losses due to product piracy
Product piracy and know-how theft continue to cause considerable damage to German machine and plant manufacturers. China remains the biggest counterfeiter by a wide margin. The VDMA presented the latest figures on this at the Hannover Messe 2018.
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The People's Republic of China remains the undisputed leader in the distribution, but especially in the production of counterfeits: 82% of the companies surveyed currently name China as the place of origin of counterfeits. In addition, the country ...